IKEA is set to open a store in Las Vegas, Nevada, US, and Aditya Birla Fashion and Retail has signed a memorandum of understanding (MoU) to acquire the Indian division of Forever 21 from Diana Retail. Retail-insight-network.com wraps up the key headlines from May 2016.

Fashion brand H&M announced plans to open its first store in Puerto Rico this month.

To be located at The Mall of San Juan, the store will open on 9 June.

H&M North America president Daniel Kulle said: "We are thrilled to be opening the first H&M location in Puerto Rico and bring our fashion to both the local community, as well as visitors of this beautiful island."

San Antonio-based fuel and convenience retailer CST Brands entered into a definitive agreement to sell stores in California and Wyoming to 7-Eleven, and its wholly owned subsidiary, SEI Fuel Services, for $408m.

The deal covers 76 stores in California and three in Wyoming.

The transaction is subject to customary closing conditions. It is expected to close this year.

US-based supermarket chain Kroger announced its plans to hire an estimated 14,000 people in its supermarket division.

The chain has 431,000 associates, who serve in 2,778 retail food stores under a variety of local banner names in 35 states and the District of Columbia.

Kroger and its subsidiaries also operate an expanding ClickList offering, which is a personalised, order online, pick up at the store service, in addition to 2,231 pharmacies, 784 convenience stores, 323 fine jewellry stores, 1,387 supermarket fuel centres and 38 food production plants in the US.

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